Lean Hog futures are mixed at midday, with nearby Feb up 32.5 cents. The CME Lean Hog Index was up 25 cents from the previous day @ $54.10 on January 8. The USDA pork carcass cutout value was up $2.08 on Thursday morning at average weighted price of $71.75. The belly primal was up $7.13 with the loin $3.28 higher. The national base cash hog carcass value 27 cents lower in the AM report, with a weighted average of $50.89. This week’s FI hog slaughter through Wednesday was estimated at 1.423 million head, which was 54,000 head larger than the same week last year.

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